An irreverent look at Wall Street
Hey P: Thanks for sharing your thoughts! Can you discuss your tout on SHLD which you mentioned without any analysis. What time frame are you looking at holding? Would you prefer this to your other recent touts -- MGM, X or BUCY? I am looking to buy one of these tomorrow.
Goldman lowered price objectives on many stocks today, but still said some good things about BUCY. But they were touting it at the high 60s when it was a sale. The market is in a funk, and admittedly, all of these stocks have broken charts, but you should be able to get bounces on any of these names--but this time, I'm trading with tight stops on the long side until things start looking better.
Thanks P:,I just saw that both SHLD and MGM are hovering right above their 200 dma unlike X or BUCY. So I am thinking of going with MGM at this point. Definitely will keep a tight stop as you suggested. Your thoughts much appreciated.
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